NOT LISTED FOR SALE

4003 Ocean Front Walk Marina Del Rey, CA 90292

Estimated Value: $1,749,000 - $3,098,000

3 Beds
2.5 Baths
1,654 Sq Ft
$600/mo HOA Fee

Last Sold October 01, 2020

Last sale price $2,100,000 $1,270 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $15,488/month

84 Days on Market

Highlights

  • Ocean Front
  • 0.3 Acre Lot
  • Fireplace in Primary Bedroom
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Atrium Room
  • Contemporary Architecture

About This Home

As of October 2020

This oceanfront, ground floor home is what luxury living in Los Angeles is all about. Ocean breezes, salty air, sandy toes, and an opportunity to have both sunrises and sunsets right in your front yard. This is a rare and extraordinary opportunity to come personalize an original unit in the most desirable part of the famed Marina del Rey Peninsula. With no bike path or vending on this special stretch of the sand, tranquility awaits. 2 guest bedrooms (or 1 bed plus den) wrap around a sunlit atrium. The Master has a walk-in closet and fireplace. The only thing between the living rooms and the sand is your own private patio. Live your best life at the beach. Coastal living at its finest!

Last Agent to Sell the Property

Robin Walpert

Sotheby's International Realty License #01237116 Listed on: 06/29/2020

Sotheby's International Realty

Last Buyer's Agent

Mark H Smith

Mark H Smith, Broker License #01754917

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,921

Year Built

  • Built in 1971

Lot Details

  • Ocean Front
  • West Facing Home

HOA Fees

  • $600 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Fixer Upper

Interior Spaces

  • 1,654 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Atrium Room
  • Ocean Views
  • Intercom

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry in unit
  • Washer

Parking

  • 2 Covered Spaces
  • Assigned Parking
  • Controlled Entrance

Additional Features

  • Ground Level Unit
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4225-011-036

Community Details

Overview

  • 16 Units

Amenities

  • Community Storage Space

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,921

Year Built

Built in 1971

Lot Details

0

HOA Fees

$600 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Ground Level
  • Street Number Display: Yes
  • Complex Name: Oceanfront Walk
  • Entry Floor: 1
  • Living Area: 1654
  • Lot Acreage: 0.3024
  • Planned Urban Dev: 0
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1971
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Master Bedroom, Living Room
  • Flooring: Tile, Carpet
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Dishwasher, Gas Or Electric Dryer Hookup, Washer, Refrigerator, Range/Oven, Intercom, Hood Fan
  • Price Per S Q F T: 1481.26

Exterior Features

  • Direction Faces: West
  • Exposure: West
  • Pool: No
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 2

Utilities

  • Heating: Central
  • Security: Community

Association/Amenities

  • Amenities: Assoc Pet Rules, Controlled Access, Extra Storage
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 600.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4225-011-036
  • Geocode Override: No
  • Lot Size Area: 13172

Multi Family

  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Sep 23, 2020
Sold by
Velez Martha
Bought by
Smith Mark Halliwell and Smith Diane Shander
Seller's Agent
Robin Walpert
Sotheby's International Realty
Buyer's Agent
Mark H Smith
Mark H Smith, Broker
List Price
$2,500,000
Sold Price
$2,100,000
Premium/Discount to List
-$400,000
-16%
Current Estimated Value
$2,415,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,733
Avg. Annual Appreciation
2.80%

Purchase Details

Closed on
Jun 5, 2013
Sold by
Velez Martha
Bought by
Velez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2003
Sold by
Frankel Hyman H and Frankel Martha V
Bought by
Frankel Martha

Purchase Details

Closed on
Dec 6, 1994
Sold by
Coast Federal Bank Fsb
Bought by
Frankel Hyman H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,200
Interest Rate
4.2%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 1994
Sold by
Coast Fed Services
Bought by
Coast Federal Bank Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Mark Halliwell $2,100,000 Chicago Title Company
Velez Martha -- Servicelink
Frankel Martha -- --
Frankel Hyman H $439,000 Continental Lawyers Title Co
Coast Federal Bank Fsb $568,898 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Velez Martha $273,000
Previous Owner Frankel Hyman H $307,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2020 10/01/20 Sold $2,100,000 -14.3% $1,270 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/02/2020 09/02/20 Price Changed $2,450,000 -2.0% $1,481 / Sq Ft
06/29/2020 06/29/20 For Sale $2,500,000 0.0% $1,511 / Sq Ft
09/14/2012 09/14/12 Rented $5,500 0.0% --
09/14/2012 09/14/12 Under Contract -- -- --
08/20/2012 08/20/12 For Rent $5,500 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,921 $2,273,106 $1,190,674 $1,082,432
2024 $26,921 $2,228,536 $1,167,328 $1,061,208
2023 $26,394 $2,184,840 $1,144,440 $1,040,400
2022 $25,153 $2,142,000 $1,122,000 $1,020,000
2021 $24,852 $2,100,000 $1,100,000 $1,000,000
2020 $8,262 $674,231 $443,400 $230,831
2019 $7,932 $661,011 $434,706 $226,305
2018 $7,899 $648,051 $426,183 $221,868
2016 $7,547 $622,888 $409,635 $213,253
2015 $7,436 $613,532 $403,482 $210,050
2014 $7,464 $601,515 $395,579 $205,936
Source: Public Records

Agents Affiliated with this Home

  • Robin Walpert

    Seller's Agent in 2020

    Robin Walpert

    Sotheby's International Realty

    (310) 480-4980

    47 Total Sales

    Robin Walpert
    Section Image

  • M

    Buyer's Agent in 2020

    Mark H Smith

    Mark H Smith, Broker

  • B

    Buyer's Agent in 2012

    Bonnie Levin

    Compass

    Section Image
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Map

Source: The MLS

MLS Number: 20-597178

The MLS

APN: 4225-011-036

California Los Angeles County Marina Del Rey 90292

4003 Ocean Front Walk, Marina Del Rey, CA

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